NetSpend 2015 Annual Report Download - page 15

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Selected Financial Data
The following financial data should be read in conjunction with the Consolidated Financial Statements and Notes
thereto and Financial Review sections of the Annual Report. The historical trends in Total System Services, Inc.’s
(TSYS’ or the Company’s) results of operations and financial position over the last five years are presented below.
Years Ended December 31,
(in thousands, except per share data) 2015 2014 2013 2012 2011
Income Statement Data:
Total revenues .............................. $2,779,541 2,446,877 2,064,305 1,793,557 1,733,237
Operating income ........................... $ 534,107 431,640 382,500 354,969 321,120
Income from continuing operations, net of tax . . . $ 367,630 280,751 254,542 248,928 218,446
Income from discontinued operations, net of
tax ...................................... 1,411 48,655 2,055 995 4,216
Net income .............................. 369,041 329,406 256,597 249,923 222,662
Net income attributable to noncontrolling
interests ............................... (4,997) (6,534) (11,847) (5,643) (2,103)
Net income attributable to TSYS common
shareholders ............................ $ 364,044 322,872 244,750 244,280 220,559
Basic earnings per share (EPS)* attributable to
TSYS common shareholders:
Income from continuing operations ........... $ 1.97 1.48 1.31 1.31 1.14
Gain (loss) from discontinued operations ...... 0.01 0.26 (0.01) (0.02) 0.01
Net income .............................. $ 1.98 1.73 1.30 1.30 1.15
Diluted EPS* attributable to TSYS common
shareholders:
Income from continuing operations ........... $ 1.96 1.47 1.30 1.31 1.14
Gain (loss) from discontinued operations ...... 0.01 0.25 (0.01) (0.02) 0.01
Net income .............................. $ 1.97 1.72 1.29 1.29 1.15
Cash dividends declared per share ............. $ 0.40 0.40 0.40 0.40 0.31
* Basic and diluted EPS amounts for continuing operations and net income may not total due to rounding.
As of December 31,
(in thousands) 2015 2014 2013 2012 2011
Balance Sheet Data:
Total assets ............................... $3,908,300 3,733,581 3,686,568 2,023,838 1,858,392
Obligations under long-term borrowings and
capital leases, excluding current portion ...... 1,383,634 1,405,106 1,435,751 192,014 63,593
Financial Overview
TSYS’ revenues are derived from providing global payment processing services to financial and nonfinancial
institutions, generally under long-term processing contracts. In addition, the Company derives revenues from
providing processing services, acquiring solutions, related systems and integrated support services to merchant
acquirers and merchants. The Company also derives revenues by providing general-purpose reloadable (GPR)
prepaid debit cards and payroll cards and alternative financial services to underbanked and other consumers. The
Company’s services are provided through the Company’s four operating segments: North America Services,
International Services, Merchant Services and NetSpend.
Through the Company’s North America Services and International Services segments, TSYS processes
information through its cardholder systems for financial institutions throughout the United States and
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